Business News

09 Oct

Ireland was a net contributor to the EU budget in 2018

Ireland was a net contributor to the EU budget in 2018 Ireland was a net contributor to the European Union budget to the tune of €315m in 2018, according to the latest report by the EU’s financial watchdog. The sum represents an increase from €173m in 2017 and €181m in 2016. However, officials expect Ireland’s

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09 Oct

Donohoe says absolutely no surprises in Budget 2020

Donohoe says absolutely no surprises in Budget 2020 The Minister for Finance has said there will be “absolutely no surprises” in the Budget to be outlined this afternoon. Speaking as he arrived at the Department of Finance this morning, Paschal Donohoe said all of the main features of Budget 2020 are well known. He said

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08 Oct

Economy on course for over €600m surplus

Economy on course for over €600m surplus The Government’s pre-Budget White Paper shows the economy is on course to deliver a surplus this year of €609 million. The White Paper also shows another significant overrun on corporate tax receipts, which are €800m higher than forecast at the start of the year. The White Paper is

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08 Oct

Blanket social welfare increase in Budget ruled out

Blanket social welfare increase in Budget ruled out Discussions are continuing between Government departments throughout the weekend ahead of Tuesday’s Budget. There is a particular focus on the Department of Social Protection, where an across the board increase in social welfare payments has been ruled out. Instead any rise in payments is set to be

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05 Oct

Sterling jumps to 8 day high

Sterling jumps to 8 day high Sterling jumped to an eight-day high after the head of a group of euro sceptic lawmakers in Prime Minister Boris Johnson’s Conservative Party said the government’s latest Brexit proposals offered the possibility of a “tolerable deal”. A weaker dollar on a weaker-than-expected US non-manufacturing purchasing managers’ index inflated the

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04 Oct

Services sector sees slowest growth since May 2013 – PMI

Services sector sees slowest growth since May 2013 – PMI The services sector grew at its slowest rate since May 2013 last month, a survey showed today, amid a softening of both foreign and domestic demand conditions. The AIB IHS Markit Purchasing Managers’ Index (PMI) for services slipped to 53.1 in September from 54.6 in

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03 Oct

Jobless rate steady at 5.3% in September despite Brexit concerns

Jobless rate steady at 5.3% in September despite Brexit concerns New figures from the Central Statistics Office show that the unemployment rate remained at 5.3% in September compared to August. The jobless rate has crept higher in recent months due to Brexit concerns, but it is still very low compared to the financial crisis when

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03 Oct

Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite

Europe’s Q3 earnings outlook deteriorates as trade war, Brexit bite European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018, according to the latest Refinitiv data. The results will underscore concerns about Europe Inc’s deteriorating health. Companies listed on the STOXX 600 regional

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